The cryptocurrency market continues to show resistance to enter the weekend strongly. Leading crypto Bitcoin is fluctuating below and above the $63,000 band. It sees significant increases with leading altcoins such as Solana and Toncoin. Amid mixed news, the market has yet to find its bearings. However, analysts are quite hopeful about some tokens. Bitcoin and two altcoins are poised for big runs, according to an analyst with a large following.
Analyst: Bitcoin still has a long way to go!
cryptokoin.comAs you can see from , the market continues to fluctuate back and forth. There is no rally atmosphere in the market for now as Tarders sold their rally attempts. However, smart investors and traders are preparing for what lies ahead. For this reason, they listen to the statements of leading analysts and traders to give an idea. The analyst nicknamed Inmortal also confirmed the latest market predictions of the followers. Based on the historical duration of market cycles, the analyst says Bitcoin still has a long way to go. In this regard, the analyst said, “We still have room for 500 more green days.” says.
Meanwhile, Bitcoin was trading at $62,935 at the time of writing, up 2.9% in the last 24 hours. The leading cryptocurrency stands in the 6% green zone on its weekly chart.
Inmortal awaits a quick pump from LINK!
The analyst next looks at Blockchain oracle Chainlink (LINK). Inmortal says LINK appears to be in a consolidation phase that could lead to a major breakout based on historical price patterns. In this context, the analyst shares the following assessment for the altcoin:
The most curious thing about LINK is how it works.
- Long consolidations.
- Fast pumps.
We are not in the latter, so we must be in the former.
Meanwhile, LINK was trading at $14.27 at the time of writing, up about 1.4% in the last 24 hours. The altcoin saw an increase of approximately 5% on its weekly chart.
What’s on the horizon for leading altcoin rival Solana?
Finally, the analyst discusses Solana (SOL), the rival of the leading altcoin Ethereum. The analyst predicts that SOL will break below the ascending trend line on the daily chart and fall to the $120 range. Thus, the analyst predicts that Solana will create a bearish trap before the run. However, she says it will then make a big run until it extends above $230. In this context, the analyst said, “The fastest horse of the cycle just needs one more trap.” says.
Meanwhile, Solana was trading at $153.7, up 8.6% in the last 24 hours. The altcoin made progress of over 11% on its weekly chart.
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